The Situation With Office Real Estate

Every now and then, the All My Sons of Jacksonville movers report and comment on the state of real estate and other related fields to our moving industry. It seems like commercial real estate is still taking the plunge. According to an article posted on NyTimes.com, there are 920 football fields of available office space in Manhattan. More than 180 major buildings totaling $12.5 billion are in a lot of trouble, from the Columbus Tower on Broadway to 400 Madison Avenue. In many cases, they face foreclosure or bankruptcy. The article continues to say that, in general, office space rents fell faster in the last two years than in the last half century. Rents apparently will keep tumbling down and vacancy will rise.

The state of the economy can also have a bright side to it. If rents are down, then it’s easier for people to snatch up modern office space for a great bargain and virtually in any city. Lower rents are not limited to New York City. If this seems like a good opportunity for you and your business, maybe it’s time to shop around for a brand new office. And when you’re ready to move, call the Jacksonville movers for your Florida commercial move. Our local Jacksonville movers will take care of all the details, protecting your office furniture and office equipment including desks, file cabinets, printers, computers, books, industry-related equipment and everything in between. Call All My Sons of Jacksonville when you’re ready to move.